China Trade - Highlight
16 Aug 2017
In a survey conducted by the HKTDC, 71% of china’s middle-class had been spending more on green products in the past year. While 73% of the respondents claimed that their greater expenditure on green products was mainly down to health concerns, 59% also agreed that the greater availability of green products and the increase in convenience when buying them had prompted them to spend more on such products than before.
In recent years, rising labour and production costs across the mainland have prompted a number of foreign-invested and domestic enterprises to adjust their business strategies. Among the steps taken was the relocation of production and sourcing activities to lower-cost regions on the mainland. A number of businesses also opted to set up production facilities in Southeast Asia and other countries along the Belt and Road routes or to source various products and raw materials from such locations.
This year's Children Baby Maternity Expo saw a wide range of safety concerns topping the agenda of exhibitors and buyers alike, with this applying equally to food, fashion, bath mats, virtual reality study aids and transport accessories.